National gov’t borrowings hit P44.4B in July

A P21.4-billion program loan in July jacked up the national government s gross borrowings to a total of P44.4 billion that month.
The latest Bureau of the Treasury data showed the combined gross external and domestic borrowings in July jumped 213 percent from P14.2 billion during the same month last year.
In July, borrowings from foreign sources, including multilateral lenders, development partners and proceeds from offshore bond issuances, reached P23.1 billion, up from only P1.2 billion a year ago